Via Dissecting Leftism, this article from The American Spectator, saying what I have been saying for the last several weeks. See here and here, for example, that the proposed US economic stimulus package will not and can not work, because it is based on a toxic combination of wishful thinking and economic theory known to have no relationship to anything that happens in the real world.
Please somebody stop this package. It will deepen and prolong the recession. This will be painful for the US. But because the US is the economic lead dog, and what happens there is maginified in its effects on smaller economies, the effect on smaller, more vulnerable economies will be devastating.
Common sense from Qando:
It’s pretty silly to think you can solve a problem created by too much borrowing and spending by doing a lot more borrowing and spending.
If everyone followed that logic in everyday life, imagine the results:
“Gosh, I’m forty pounds overweight now. I better start eating more.”
“Honey, you’re getting too many speeding tickets.” “Well, then, I better start driving faster.”
“That girl says I irritate her, but I really like her. I guess I should start being more obnoxious.”
“Oh, dear, the roof is leaking again. I better make the hole bigger.”